Lord Leong (Lab)

My Lords, I will address the noble Lord’s first point. Following extensive engagement with downstream importers, we have introduced a transitional arrangement, as the noble Lord knows, so that the new tariff will not apply to goods contracted before 14 March and imported between 1 July and 30 September of this year. Quotas will be administered quarterly, with unused allocations carried forward within a quota year to provide greater flexibility. To address the point about the EU, the United Kingdom and the European Union share a unique trading relationship, with highly integrated steel supply chains that support jobs and industry on both sides. We are, as all noble Lords know, engaging closely with the European Commission to secure a solution that protects the vital EU-UK steel trade. While I cannot comment on live discussions, we have made it clear that restricting UK access to the EU market would disrupt supply chains, increase costs and harm businesses in both the UK and the EU.